I may have goofed.
I am an experimenting investor and currently have 5 rentals and 2 of them paid for. So I decided to sell one of them on an owner financing.
I signed and filed a Bond for Deed with our courthouse and was expecting to get collection set up through a local branch of First Federal Bank. Turns out they don’t do them anymore for a Bond for Deed and only a Vendors Lien.
I tried searching for info on others that have done Bond for Deed’s and had no luck.
Please help.
Should I cancel what has been filed with the courthouse and put it on a vendors lein? I don’t even know what it would take but surely a notary could tell me.
What are your opinions?
Thanks,
Lee